Monopoly pricing in the binary herding model

DOI10.1007/s00199-007-0313-9zbMath1151.91039OpenAlexW2030209608MaRDI QIDQ946355

Subir Bose, Marco Ottaviani, Lise Vesterlund, Gerhard O. Orosel

Publication date: 23 September 2008

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-007-0313-9

zbMATH Keywords

social learningpublic informationbinary signalinformational cascade

Mathematics Subject Classification ID

Related Items (10)

Social learning and delay in a dynamic model of price competition ⋮ The implications of pricing on social learning ⋮ Information design through scarcity and social learning ⋮ The optimal choice of pre-launch reviewer ⋮ Monopoly pricing in the binary herding model ⋮ Dynamic pricing in the presence of individual learning ⋮ New product launch: Herd seeking or herd preventing? ⋮ Pricing strategy and carbon emission abatement under cap-and-trade regulation considering social learning ⋮ Path-dependent behavior and information leakage in financial markets ⋮ The welfare costs of informationally efficient prices

Cites Work

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• The optimal choice of pre-launch reviewer
• Optimizing information in the herd: Guinea pigs, profits, and welfare
• Monopoly pricing in the binary herding model
• Herding and the winner's curse in markets with sequential bids
• A note on the value of public information in monopoly
• Reputation and Survival: Learning in a Dynamic Signalling Model
• Time-on-the-Market as a Sign of Quality
• Price and Quality in a New Product Monopoly
• Pathological Outcomes of Observational Learning
• The Value of Public Information in Monopoly
• Learning and Strategic Pricing

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